Microsoft Cancels Nscale UK Anchor Deal for 23K Nvidia Chips at Essex Site, Clouding $35B IPO

Microsoft has pulled out of its agreement to anchor Nscale's planned Loughton, Essex data center and rent 23,000 Nvidia AI chips there, after UK Power Networks warned grid capacity won't arrive until the early-to-mid 2030s. The cancellation leaves the facility without its only announced customer and threatens Nscale's multibillion-dollar US listing plans, which had been pitched at up to $35B.